SAPURA ENERGY BERHAD

KLSE (MYR): SAPNRG (5218)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.03 - 0.035

Trading Volume

8,857,100

Market Buzz
Discussions
80 people like this. Showing 50 of 148,313 comments

intansri

But Anwar now visits a wealthy country n doesn’t know who follows

1 month ago

SinGor

JLow covers donation from Arabs Sultan Or family member ( money actually from 1MDBE---from EPF mostly )

1 month ago

Ninth007

Jit Pai Hoseh Liao!!!
KUALA LUMPUR: Sapura Energy Bhd has received confirmation from the Corporate Debt Restructuring Committee (CDRC) on Jan 11, 2025, that MCF Financiers, holding at least 75% of the multi-currency financing facilities, have approved additional terms of the company’s proposed restructuring scheme (PRS), known as the second approval-in-principle (AIP).

Since September 2022, Sapura Energy and the MCF Financiers have been engaged in CDRC-mediated negotiations to reach an accord on the PRS, for which the MCF Financiers provided the first AIP in December 2023.

Sapura Energy then continued refining the PRS, factoring in the progress made in resolving certain contingent claims through the proof of debt process.

It added that the second AIP for the PRS paves the way for court-convened meetings with the relevant creditor classes of Sapura Energy and its subsidiaries, and will also facilitate potential financial investment from a White Knight.

"With this positive development, Sapura Energy is another step closer to regularising our financial position and emerging from our status as a Practice Note 17 company,” Sapura Energy interim chairman Shahin Farouque Jammal Ahmad said.

1 month ago

PaiKia

the price will remain 3.5 cent

1 month ago

Nikmon

Received confirmation from CDRC on Saturday,
CEO onboard announcements made on early morning 8am Monday
What are they rushing?

1 month ago

SinGor

Management has set May as date for Creditors/Bankers to accept proposal---If 75% accepted proposal,
management can request Court to force remaining 25% to accept Or goes to Appeal Court for opinion---
During Mahathir times usually foreign Banks will agree bcos Bank License is review every year

1 month ago

Mabel

Meow SinGor

PNB has 13.4 % of Gamuda. Permodalan Nasional Berhad (PNB) and its associated funds hold a significant stake in Sapura Energy Berhad (SAPNRG). PNB is the largest shareholder, with a 40% shareholding in the company.

Soon another Gamuda in the making...

1 month ago

Mabel

Malaysian contractor Sapura Energy has received its second in-principle approval from financiers for its financial restructuring exercise, which facilitates a prospective investment from a White Knight that the company has touted for some time.

"With this positive development, Sapura Energy is another step closer to regularising our financial position and emerging from our status as a Practice Note 17 company.”

https://www.upstreamonline.com/finance/white-knight-still-in-the-wings-for-sapura-energy-/2-1-1763577

The identity of the White Knight for Sapura Energy has not been explicitly disclosed. However, there have been speculations that it might be an oil and gas company from the Middle East.

Prime Minister Anwar Ibrahim's recent visit to the UAE focused on enhancing bilateral cooperation in various sectors, including renewable energy, food security, technology, and data centers. While the visit aimed to strengthen ties and explore new opportunities, there is no explicit information linking it directly to the White Knight investment in Sapura Energy.

However, the discussions on strategic partnerships and investments during the visit could potentially create a favourable environment for such collaborations in the future

1 month ago

TalkNumberOne

Itu semua saya tak tau, I know uncle charcoal hiding inside closet shivering. Haha 😂😂😂

1 month ago

TalkNumberOne

Noob 7 than newbie. Burnt all his money now underwear also don’t have wo. But it’s good la, stay away from market because no money now stay away from forum also. Better for human kind 🤣🤣🤣🤣

1 month ago

Mabel

Wah Wah Wah...ever since Sapnrg announced to move to Menara PNB, our Lady Sapura is constantly in Pole Position with 16.7% rise....hihihi..

Our Sap so steady...

Like that Mabel can continue Goyang Kaki loh....

Meow Meow Meow

1 month ago

TalkNumberOne

haha more important uncle charcoal hiding inside closet shivering hahahahahahahaha. Such annoying pathetic old man. Lost everything in stock market means stay away la. Want to come forum cry father cry mother… betul betul mempersiasoikan

1 month ago

priyamahajann

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1 month ago

Mabel

Malaysian stock index has experienced a continuous decline, severely testing investor confidence. After more than two weeks of decline, the market finally showed signs of recovery on Friday, providing some relief to investors. However, during this period, many stock prices fell sharply, causing trouble for many investors.

Let's take a look at the market trend at the daily level. Recently, after the index fell below the 0.618 position of the Fibonacci retracement line, there was a sharp rebound. This phenomenon shows that the current support level has played a positive role. This rebound is not only a reaction of the market to the rapid decline in the previous two weeks, but also reflects the market's recovery and increased demand for rebound in the callback stage. On Friday it closed at 1566.72 which is above the key support level is 1529 points.

In the next period of time, we have reason to believe that the index will continue to rebound. Specifically, the first pressure level of the rebound is around 1590. If the rebound momentum is strong and can effectively break through and stand above 1590, then the market will most likely start a new round of rising market, and a series of favorable factors will bring more opportunities for investors to participate.

4 weeks ago

PaiKia

still 3 cent

4 weeks ago

Sslee

Maybe it will be RM 1.00 after debts restructure, capital reduction, 20 to 1 share consolidation and new capital injection PP of RM 1 billion.

4 weeks ago

Nikmon

As fast I know, bursa Limit PP not exceed 10%-20% of the total issued share, they need to goring until RM 4 -5 to achieve 1bil pp

4 weeks ago

Nikmon

So they need to goring until 30-40 sen now.

4 weeks ago

Nikmon

This why singor keep saying to save the SAP, they have no choice to goreng the share, else they will fail the task. The problem is how and when to goring, tough task for PNB

4 weeks ago

Mabel

Wah...Wah...Wah...

What happen today?

Sapnrg very active with strong buying momentum...

3 weeks ago

TalkNumberOne

Wahhhh board changes

3 weeks ago

TalkNumberOne

HENG ah Ong ah Huat ah, to all brothers and sisters.

3 weeks ago

SinGor

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3519416
_____________________

Timeline set ( 1st meeting )---27 Feb ( Bankers )----smaller creditors meets at 21Feb-----So May final
announcement ( haircut for bankers ---hahaha )

3 weeks ago

intansri

It is very weird to make announcements before market trading, it seems that it is very important to SEB for future development

3 weeks ago

intansri

If seventy-five per centum (75%) in value of the Scheme Creditors present and voting either in
person or by proxy virtually at each of the Court Convened Meetings (or any adjourned Court
Convened Meetings) agrees to the Scheme with or without modification, such Scheme shall be
binding on all Scheme Creditors if sanctioned by a subsequent Order of Court.
This Notice and the Scheme do not apply to the Excluded Claims or Excluded Contingent
Claims (as defined in the Scheme).

3 weeks ago

Nikmon

South Africa and Singapore have agreed on the retraining order issued by Malaysia court which expire by March, for any extension may subject respective court description, I not sure south can reject and seize Sapura assets.

3 weeks ago

Nikmon

Notification in advance 27 days prior convene at court, they manage to send out few days before expire

3 weeks ago

SinGor

y extension may subject respective court description, I not sure south can reject and seize Sapura assets.
___________________________________
Litigation didnT start yet---SAP just block litigation bcos Malaysia Court has precedent so other Courts using
"Common Law" ( British Law) has to give way. Even Other Courts "had" judgement still SAP can appeal to Higher
Court ---long journey ( 4--6year from today if other courts proceed today )----Court system is very slow and
messy---Look at Najib case, so clear Cut yet take 6years

3 weeks ago

Nikmon

Given more than 75% approval received from creditor, I believe the out come on 27 is quick certain, just curious when the white knight name be announced

3 weeks ago

SinGor

75% are All Banks owned by PNB

3 weeks ago

SinGor

with current PNB CEO was ex-CIMB ceo ( how can restructuring takes more than one year )

3 weeks ago

Nikmon

Total 11 billion debt and claim amt, 10 billion belong to Bank which equals to 91%......minority supplier and other creditor can do nothing but follow

3 weeks ago

SinGor

standard Debt ratio allows by Bank is 30% but most Co. runs happily 35--45%----So in worst case scenario
SAP can have 55%--65% Debt ( if Got 1 billion Cash injection from white knight )

3 weeks ago

TalkNumberOne

Hoot 9 eeeeeeeeeeeeeeeeeee

2 weeks ago

Ninth007

Jit Pai Hoseh Liao coming ……….

2 weeks ago

TalkNumberOne

Haha long time no see hoot 9 eeeeee, jit pai ho seh

2 weeks ago

TalkNumberOne

I mean hoot 9 uncle charcoal hahahhahahahahahhahhah

2 weeks ago

nisah395

.

1 week ago

Ninth007

Ladies and gentleman,
Start your engines
Blasting to the moon by end of the month …
Jit Pai Hoseh Liao !!!

1 week ago

TalkNumberOne

🎉🎉🎉🎉🎉🎉🎉

1 week ago

TalkNumberOne

Hoot 9 uncle charcoal, jit pai ho seh liao

1 week ago

Jerung

Waited many months and moons .... hope this time for real

1 week ago

Robert Waters

What do you mean, Jerung ? If you comment on Sepat, MISC is the favorable option...
........................
Due to the small size, we believe only local contractors will bid for the project. 6 contractors said to be involved includes: MISC (TP: RM8.80), Oceanstar, EPOMS, T7 Global (Non-rated), MTC and Sapura (Non-Rated). However, we believe MISC is a leading contender given its strong track-record of execution for FPSO/FSO projects in Malaysia and strong relationship with PCSB.

1 week ago

Jerung

I hope the coming month end will move the price , been too long n price beat up to bottom

1 week ago

Nikmon

If the court convene resulted in favor for SAP, hope the price should fly a bit. The next would be EAGM and FY2025 in March. EAGM should be held around end of march or early of April. Last step before approval by Bursa in April. Seem like the may able to achieve the target date in May. Q4 in mar will be included the 3 billion sale of OMV. SAP is looking good now, but whether the price will be follow. I think the catalyst is the creditor vote result.

1 week ago

Nikmon

Share Price: RM0.04
Target Price: RM0.0xxx
Valuation: Negative PE due to ongoing losses.
Insights: Sapura Energy remains a high-risk, high-reward play.

This counter is not for everyone

1 week ago

21spade

waiting game

5 days ago

Nikmon

PNB CEO quotes we have single company investment limit....., but we will be very supportive if SAP if required more capital...

3 days ago

intansri

6. The Proposed Corporate Exercise%0A6.1 SEB will, as an integral component of the Composite Scheme, undertake the following%0Acorporate exercises on or before Effective Date:%0A(i) (ii) (iii) (iv) (v) a proposed share capital reduction exercise, which will entail an application to the High%0ACourt of Malaya under section 116 of the Companies Act for the writing-off of the following%0Aitems which are lost or unrepresented by the available assets against the accumulated%0Alosses of the Sapura Group:%0Ai) ii) the writing-off of RM[xx] of the share capital%3B and%0Athe writing-off of RM[xx] of Reserves, where applicable.%0Athe proposed share consolidation of every 20 existing ordinary shares of SEB into 1%0Aconsolidated ordinary share of SEB%3B%0Athe proposed reduction of the conversion ratio of the RCPS-i from 1 RCPS-i to 1 ordinary%0Ashare of SEB to 1 RCPS-i to 0.4 ordinary shares of SEB.%0Athe proposed settlement by SEB of a portion of the Outstanding Liabilities of the MCF%0AObligors amounting to approximately RM500.0 million by way of the issuance of%0A500,000,000 new ordinary shares in SEB at the issue price of RM1.00 per share%3B%0Athe proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors%0Aamounting to approximately RM0.6 billion by way of the issuance of 500,000,000 new%0ASEB ICUIDS-I at an issue price of RM1.20 per SEB ICUIDS-I%3B%0A%0A(vi) the proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors%0Aamounting to approximately RM0.4 billion by way of the issuance of 250,000,000 new%0ASEB ICUIDS-II at an issue price of RM1.60 per SEB ICUIDS-II%3B%0A(vii) the proposed settlement of a portion of the Outstanding Liabilities of the MCF Obligors%0Aamounting to approximately RM0.5 billion by way of the issuance of 250,000,000 new%0ASEB ICUIDS-III at an issue price of RM2.00 per SEB ICUIDS-III%3B%0A(viii) a proposed fund-raising exercise to raise approximately RM750.0 million by way of the%0Aissuance of [1,041,666,667] RCLS-1 to the White Knight at an issue price of RM[0.72]%0Aper RCLS-1%3B and%0A(ix) a proposed fund-raising exercise to raise approximately RM1.05 billion via the issuance%0Aof [1,166,666,667] RCLS-2 to the White Knight at an issue price of RM[0.90] per RCLS-%0A2.%0ASEB is in the process of appointing a principal advisor (licensed investment banker) to advise%0Aon the proposed corporate exercises. Therefore, the matters stated above may be subject to%0Afurther amendment on the basis of any advice or input that may be received from such principal%0Aadvisor.%0A%0APlease refer to the announcement on 8 March 2023

7 hours ago

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